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We specialize in helping our clients stop foreclosure.  We understand that there are many reasons why homeowners sometimes are unable to pay their mortgages and every situation is unique.  At The Avery Group we take the time to meet with our clients and explain all of their options to provide comprehensive foreclosure help.  We help you determine if you can Keep Your Home or if you have to Sell Your Home to avoid foreclosure.  We provide you with a personal consultation based on your unique situation. One of the reasons Virginia Real Estate Solutions has been so successful that we have local representatives in Central Virginia who can offer comprehensive solutions to foreclosure problems on a local level. 

Short Sales are NOT Bank Owned Properties

I can not believe we are even having to think about writing a post in today's market for Virginia agents and the Central Virginia real estate agents to explain that a short sale is NOT a bank owned property!! But we are!

I was asked to write this because this really just happened and we hope to educate agents as to what happens when you make an offer on one of our short sale listings.

After we receive your buyers' offer we contact our seller who is the homeowner of the property and present the offer to him/her/them.

It is then up to the seller what he wants to do with the offer. He can reject the offer, he can accept the offer, he can counter the offer or he can choose to do nothing with the offer. Your offer expires if he does not sign the offer before the time for acceptance lapses.

On one of our listings we received 3 offers in one day. Most all of our short sale listings get multiple offers. When this happens; our sellers choose one offer that they feel is the best and often ask for our input based on our experience. Then the seller will choose a back up offer also.

If none of the offers meet with the sellers' approval and with our experience of what a short sale lender is going to approve then the seller may send back to the buyers a counter offer. He may choose just one offer to counter or all.

So there is one agent who had sent in one of the offers for her buyers. The offer was $20,000 below asking price, the financing clause stated that the buyer was approved for his loan, yet there was NO approval letter. There was a pre approval letter that said his financials, income, etc were NOT reviewed. All they did was pull his credit. The financing spaces were not filled in correctly. When I did the math, the offer showed that the buyer was getting 100% financing. Then the addendum stated that the buyer was also asking for 6% back from the seller.

Ok, so here's the deal: The other two offers are over list price and ALL CASH offers. It does not take a rocket scientist to figure out which one the seller is going to want to go with!

Let's see: let's weigh ALL CASH versus 100% financing!!!!

I told the agent that we sent the seller all the offers. He was out of the country and would not work the offers until he returned. We alerted all the agents about this.

Then Keller Williams gets THE CALL!

The agent with this 100% financing clause in the offer starts yelling at Keller Williams- "You are supposed to send our offer to the bank!"

"What do you mean?, This is a short sale."

To which the agent continues to yell, "I looked up the tax rolls and it says that the mortgage is held by XYZ bank. You have to send our offer to the bank. The seller does not have any say in our offer."

Our broker tries to explain again that this is a short sale. The mortgage information on the tax rolls is to show who the mortgage company is. He tries to explain to her that the tax rolls clearly state that the seller is the homeowner and NOT the bank!

Then she tells him she has been doing short sales for a year now and she never sends the offers to the sellers. She just sends them right into the bank. WHAT!?

Then Keller Williams tells her that her buyer's financing does not look as strong as the cash offers but that is for the seller to decide. She then tells Nestor-

"Oh no, they are putting 3% down! They don't need the 6% back. They do have an approval letter." and on and on.

Well, if that was the case, ( and I just came back from an all day Contracts Class with an Attorney) then her buyer's offer needed to be written that way and not the way that it was.

So sometimes the buyers want to see how low they can go, how much they can negotiate and many times in our town, that will lose them the deal. ALOT of our closings are with ALL CASH transactions.



Another example of misinformation on how a short sale transaction works and even who the principles are.

Foreclosure Is NOT An Option! Call Nestor and Katerina Gasset today at 561-753-0135 for a confidential interview regarding your options.

Don't Delay! Don't Wait Until The Sheriff Is Knocking On Your Door! Pick up your phone and call us to see if you can avoid foreclosure.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/

Short Sales are NOT Bank Owned Properties

I can not believe we are even having to think about writing a post in today's market for Virginia agents and the Central Virginia real estate agents to explain that a short sale is NOT a bank owned property!! But we are!

I was asked to write this because this really just happened and we hope to educate agents as to what happens when you make an offer on one of our short sale listings.

After we receive your buyers' offer we contact our seller who is the homeowner of the property and present the offer to him/her/them.

It is then up to the seller what he wants to do with the offer. He can reject the offer, he can accept the offer, he can counter the offer or he can choose to do nothing with the offer. Your offer expires if he does not sign the offer before the time for acceptance lapses.

On one of our listings we received 3 offers in one day. Most all of our short sale listings get multiple offers. When this happens; our sellers choose one offer that they feel is the best and often ask for our input based on our experience. Then the seller will choose a back up offer also.

If none of the offers meet with the sellers' approval and with our experience of what a short sale lender is going to approve then the seller may send back to the buyers a counter offer. He may choose just one offer to counter or all.

So there is one agent who had sent in one of the offers for her buyers. The offer was $20,000 below asking price, the financing clause stated that the buyer was approved for his loan, yet there was NO approval letter. There was a pre approval letter that said his financials, income, etc were NOT reviewed. All they did was pull his credit. The financing spaces were not filled in correctly. When I did the math, the offer showed that the buyer was getting 100% financing. Then the addendum stated that the buyer was also asking for 6% back from the seller.

Ok, so here's the deal: The other two offers are over list price and ALL CASH offers. It does not take a rocket scientist to figure out which one the seller is going to want to go with!

Let's see: let's weigh ALL CASH versus 100% financing!!!!

I told the agent that we sent the seller all the offers. He was out of the country and would not work the offers until he returned. We alerted all the agents about this.

Then Keller Williams gets THE CALL!

The agent with this 100% financing clause in the offer starts yelling at Keller Williams- "You are supposed to send our offer to the bank!"

"What do you mean?, This is a short sale."

To which the agent continues to yell, "I looked up the tax rolls and it says that the mortgage is held by XYZ bank. You have to send our offer to the bank. The seller does not have any say in our offer."

Our broker tries to explain again that this is a short sale. The mortgage information on the tax rolls is to show who the mortgage company is. He tries to explain to her that the tax rolls clearly state that the seller is the homeowner and NOT the bank!

Then she tells him she has been doing short sales for a year now and she never sends the offers to the sellers. She just sends them right into the bank. WHAT!?

Then Keller Williams tells her that her buyer's financing does not look as strong as the cash offers but that is for the seller to decide. She then tells Nestor-

"Oh no, they are putting 3% down! They don't need the 6% back. They do have an approval letter." and on and on.

Well, if that was the case, ( and I just came back from an all day Contracts Class with an Attorney) then her buyer's offer needed to be written that way and not the way that it was.

So sometimes the buyers want to see how low they can go, how much they can negotiate and many times in our town, that will lose them the deal. ALOT of our closings are with ALL CASH transactions.



Another example of misinformation on how a short sale transaction works and even who the principles are.

Foreclosure Is NOT An Option! Call Nestor and Katerina Gasset today at 561-753-0135 for a confidential interview regarding your options.

Don't Delay! Don't Wait Until The Sheriff Is Knocking On Your Door! Pick up your phone and call us to see if you can avoid foreclosure.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/

Lose the House, but Not Your Credit

Lose the House, but Not Your Credit

According to sources in the mortgage industry, people who agree to a short sale with the lender do far less damage to their credit rating than those who go through foreclosure.

While in both cases, short sale and foreclosure, the delinquent mortgage will negatively affect their credit rating, at least short sellers avoid having a "debt discharged due to foreclosure" on their credit reports. Mortgage and credit experts say that, after bankruptcy, having a foreclosure on your credit report is the worst result and will reduce your credit score by over 250 points. You could also have to wait up to three years to qualify for a mortgage at a reasonable rate.

Short sales show up on a credit report as a "pre-foreclosure in redemption" status and can result in a credit score reduction of 100 points or less. After the sale, the mortgage may show up as "discharged." People who successfully complete a short sale may also qualify for a mortgage at a reasonable interest rate in as little as 18 months. So, if buying a home is a future goal, then a short sale is the better option for many.

Homeowners cannot simply decide that they want to unload a home with a short sale; the lender must agree to it. The key to getting a lender to go along is to demonstrate two things: that you have no other financial resources to pay the mortgage, and that the sale price the buyer is willing to pay is the fair price the market will bear. If a lender believes it can get more for the house by taking possession of it and selling it themselves, then they will not go along with a short sale.

To begin the process of a short sale, you first need to call the lender and speak directly with the person in the loan workout or short sale department. At GMAC ResCap, a large residential mortgage lender, there is a "foreclosure prevention department" with people trained to work with homeowners in exactly this situation. Their motivation is summed up by Steve Nelson at that company: "We pretty much know what our loss is going to be if we foreclose. If a short-seller results in a payoff that's better than that number, we're talking all day long with people who want to put a short sale together." Some lenders report a three- to four-times rise in the number of short sales over the past year.

People who want to go this route should contact a local real estate firm and ask to work with a real estate agent who has actual experience with short sales. These specially trained agents will know the process and deliver the documentation that the lender requires to authorize the short sale. The agent can also find a buyer that is qualified to complete the transaction.

If all goes as planned, the lender will receive all of the proceeds, typically not enough to pay off the loan. The remaining balance of the loan is discharged. But a homeowner agreeing to a short sale should also get legal advice to protect his or herself from future claims of the lender. In some states, only purchase mortgages are fully discharged. For all other types of debt (equity loans, refinancing, etc), the homeowner can be held personally liable for repayment in the future. For this reason, a lawyer's advice will include getting the lender to agree to fully discharge all mortgage debt involved in the short sale.

For Help with a Short Sale, Click Here

 Rob Alley, Realtor at Keller Williams Charlottesville
434-975-9000
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/

Lose the House, but Not Your Credit

Lose the House, but Not Your Credit

According to sources in the mortgage industry, people who agree to a short sale with the lender do far less damage to their credit rating than those who go through foreclosure.

While in both cases, short sale and foreclosure, the delinquent mortgage will negatively affect their credit rating, at least short sellers avoid having a "debt discharged due to foreclosure" on their credit reports. Mortgage and credit experts say that, after bankruptcy, having a foreclosure on your credit report is the worst result and will reduce your credit score by over 250 points. You could also have to wait up to three years to qualify for a mortgage at a reasonable rate.

Short sales show up on a credit report as a "pre-foreclosure in redemption" status and can result in a credit score reduction of 100 points or less. After the sale, the mortgage may show up as "discharged." People who successfully complete a short sale may also qualify for a mortgage at a reasonable interest rate in as little as 18 months. So, if buying a home is a future goal, then a short sale is the better option for many.

Homeowners cannot simply decide that they want to unload a home with a short sale; the lender must agree to it. The key to getting a lender to go along is to demonstrate two things: that you have no other financial resources to pay the mortgage, and that the sale price the buyer is willing to pay is the fair price the market will bear. If a lender believes it can get more for the house by taking possession of it and selling it themselves, then they will not go along with a short sale.

To begin the process of a short sale, you first need to call the lender and speak directly with the person in the loan workout or short sale department. At GMAC ResCap, a large residential mortgage lender, there is a "foreclosure prevention department" with people trained to work with homeowners in exactly this situation. Their motivation is summed up by Steve Nelson at that company: "We pretty much know what our loss is going to be if we foreclose. If a short-seller results in a payoff that's better than that number, we're talking all day long with people who want to put a short sale together." Some lenders report a three- to four-times rise in the number of short sales over the past year.

People who want to go this route should contact a local real estate firm and ask to work with a real estate agent who has actual experience with short sales. These specially trained agents will know the process and deliver the documentation that the lender requires to authorize the short sale. The agent can also find a buyer that is qualified to complete the transaction.

If all goes as planned, the lender will receive all of the proceeds, typically not enough to pay off the loan. The remaining balance of the loan is discharged. But a homeowner agreeing to a short sale should also get legal advice to protect his or herself from future claims of the lender. In some states, only purchase mortgages are fully discharged. For all other types of debt (equity loans, refinancing, etc), the homeowner can be held personally liable for repayment in the future. For this reason, a lawyer's advice will include getting the lender to agree to fully discharge all mortgage debt involved in the short sale.

For Help with a Short Sale, Click Here

 Rob Alley, Realtor at Keller Williams Charlottesville
434-975-9000
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com/
http://www.forestlakesliving.com/
http://www.charlottesvillevarealestate.blogspot.com/
http://www.charlottesvilleshortsale.com/

Short Sale Incentives Coming in 2010

Short Sale Incentives Coming in 2010, Treasury Says

As HousingWire first reported, the US Treasury Department will launch the Home Affordable Foreclosure Alternatives Program (HAFA) in 2010.

HAFA will complement the Home Affordable Modification Program (HAMP) by providing financial incentives to servicers, borrowers and investors to go forward with short sales or a deed-in-lieu, according to a Treasury announcement late Monday (available to download here).

In a short sale, the bank sells the property for a price short of the balance owed on the property’s loan.

Under HAMP, the Treasury allocates capped incentives to servicers for the modification of loans on the verge of foreclosure. Borrowers must be HAMP-eligible to qualify for HAFA and must be considered for the new program within 30 days of failing to qualify for or complete a HAMP trial.

Borrowers must be able to provide the buyer of the home with a clear title. Any subordinate liens must be paid off in full. The borrower can also negotiate with the holder to release the liens before the closing date.

HAFA allows the borrower to receive pre-approved short sale terms before the property is listed and frees them from future liability for the debt. Also, servicers utilizing the program are prohibited from requiring a reduction in the real estate commission agreed to in the listing agreement.

The borrower also receives a $1,500 incentive for relocation after the transaction. The servicer receives a $1,000 incentive to cover administration and processing costs, and investors will be paid a maximum of $1,000 for allowing up to $3,000 in short-sale proceeds to be paid out to subordinate lien holders. In total, each transaction under HAFA will cost the Treasury up to $3,500 of incentive payments.

HAFA will officially launch on April 5, 2010, but servicers can implement the program prior to that date. However, in order to participate in the program, the servicer must have signed a HAMP servicer participation agreement by Dec. 31, 2009.

HousingWire first reported on HAFA’s forthcoming launch in October, when the chief of the Homeowner Preservation Office at the Treasury, Laurie Maggiano, released information on HAFA when she spoke at the Mortgage Bankers Association’s annual convention in San Diego.

Two weeks later, Herb Allison testified before the Congressional Oversight Panel (COP), which reviews actions taken by the Treasury, and indicated guidelines were being developed.

Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com

Short Sale Incentives Coming in 2010

Short Sale Incentives Coming in 2010, Treasury Says

As HousingWire first reported, the US Treasury Department will launch the Home Affordable Foreclosure Alternatives Program (HAFA) in 2010.

HAFA will complement the Home Affordable Modification Program (HAMP) by providing financial incentives to servicers, borrowers and investors to go forward with short sales or a deed-in-lieu, according to a Treasury announcement late Monday (available to download here).

In a short sale, the bank sells the property for a price short of the balance owed on the property’s loan.

Under HAMP, the Treasury allocates capped incentives to servicers for the modification of loans on the verge of foreclosure. Borrowers must be HAMP-eligible to qualify for HAFA and must be considered for the new program within 30 days of failing to qualify for or complete a HAMP trial.

Borrowers must be able to provide the buyer of the home with a clear title. Any subordinate liens must be paid off in full. The borrower can also negotiate with the holder to release the liens before the closing date.

HAFA allows the borrower to receive pre-approved short sale terms before the property is listed and frees them from future liability for the debt. Also, servicers utilizing the program are prohibited from requiring a reduction in the real estate commission agreed to in the listing agreement.

The borrower also receives a $1,500 incentive for relocation after the transaction. The servicer receives a $1,000 incentive to cover administration and processing costs, and investors will be paid a maximum of $1,000 for allowing up to $3,000 in short-sale proceeds to be paid out to subordinate lien holders. In total, each transaction under HAFA will cost the Treasury up to $3,500 of incentive payments.

HAFA will officially launch on April 5, 2010, but servicers can implement the program prior to that date. However, in order to participate in the program, the servicer must have signed a HAMP servicer participation agreement by Dec. 31, 2009.

HousingWire first reported on HAFA’s forthcoming launch in October, when the chief of the Homeowner Preservation Office at the Treasury, Laurie Maggiano, released information on HAFA when she spoke at the Mortgage Bankers Association’s annual convention in San Diego.

Two weeks later, Herb Allison testified before the Congressional Oversight Panel (COP), which reviews actions taken by the Treasury, and indicated guidelines were being developed.

Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com

Your Daily Dose from DSNews.com

Email not displaying correctly? View it in your browser. Feds to Offer Easier Aid, Incentives for Modifications and Short Sales The Obama administration is poised to unveil two new features that would widen its assistance to troubled homeowners in danger of foreclosure. Speaking to participants at the annual Mortgage Bankers Association convention, Laurie Maggiano of the Treasury's Office of Homeownership Protection said regulators would roll out a new, streamlined application for borrowers seeking a loan modification under the government's Making Home Affordable Modification Program. As Commercial Mortgages Tank, Capmark Bankruptcy is Imminent: Sources A month after its stock rating was downgraded, insiders say Capmark Financial Group Inc. - one of the nation's largest commercial servicers - is set to file for bankruptcy protections sometime in the next week or two. The real estate giant was created in March 2006 after a buyout of GMAC Commercial Holding Corp.'s assets, and its impending collapse is another dramatic talk in the saga of the nation's credit-based recession. Schwarzenegger Institutes Nine New Mortgage Laws Gov. Arnold Schwarzenegger signed nine housing bills into law this week. One in particular, Senate Bill 94, consumer advocacy groups are calling a clear victory for California's many troubled homeowners facing foreclosure. The bill bans all foreclosure consultants, including loan modification firms and attorneys who specialize in loan mods, from asking for any fees or compensation before fully completing the services contracted. Countrywide REOs Fall to Early 2007 Levels as Housing Market Recovers The number of foreclosed homes currently on offer by Countrywide has fallen to early 2007 levels, indicating that the housing market is recovering and may be poised for a rebound. The Countrywide Foreclosure Blog reports that there are currently 5,959 foreclosed homes being offered for sale on the Bank of America/Countrywide Web site, compared to the peak of 21,500 in November 2008. Our mailing address is: DS News 2603 Oak Lawn Avenue Suite 500 Dallas, TX 75219 Add us to your address book Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE

Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.robsellscharlottesville.com
Oh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia

Your Daily Dose from DSNews.com

Email not displaying correctly? View it in your browser. Feds to Offer Easier Aid, Incentives for Modifications and Short Sales The Obama administration is poised to unveil two new features that would widen its assistance to troubled homeowners in danger of foreclosure. Speaking to participants at the annual Mortgage Bankers Association convention, Laurie Maggiano of the Treasury's Office of Homeownership Protection said regulators would roll out a new, streamlined application for borrowers seeking a loan modification under the government's Making Home Affordable Modification Program. As Commercial Mortgages Tank, Capmark Bankruptcy is Imminent: Sources A month after its stock rating was downgraded, insiders say Capmark Financial Group Inc. - one of the nation's largest commercial servicers - is set to file for bankruptcy protections sometime in the next week or two. The real estate giant was created in March 2006 after a buyout of GMAC Commercial Holding Corp.'s assets, and its impending collapse is another dramatic talk in the saga of the nation's credit-based recession. Schwarzenegger Institutes Nine New Mortgage Laws Gov. Arnold Schwarzenegger signed nine housing bills into law this week. One in particular, Senate Bill 94, consumer advocacy groups are calling a clear victory for California's many troubled homeowners facing foreclosure. The bill bans all foreclosure consultants, including loan modification firms and attorneys who specialize in loan mods, from asking for any fees or compensation before fully completing the services contracted. Countrywide REOs Fall to Early 2007 Levels as Housing Market Recovers The number of foreclosed homes currently on offer by Countrywide has fallen to early 2007 levels, indicating that the housing market is recovering and may be poised for a rebound. The Countrywide Foreclosure Blog reports that there are currently 5,959 foreclosed homes being offered for sale on the Bank of America/Countrywide Web site, compared to the peak of 21,500 in November 2008. Our mailing address is: DS News 2603 Oak Lawn Avenue Suite 500 Dallas, TX 75219 Add us to your address book Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE

Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.robsellscharlottesville.com
Oh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia

Business Today: Stock futures flat, Costco profit tops view

Good Morning Robert, WED 07 Oct 2009 today's headlines Stock futures flat, Costco profit tops view Gold spike gives Asian consumers pause, not fever Costco profit beats market view Fannie, Freddie plan to aid mortgage banks: report Monsanto reports larger loss Julius Baer to buy ING Swiss private bank U.S. mortgage applications at 4-month high Oil above $71 as demand seen recovering Fed's Hoenig: too soon to pull support as U.S. recovers Family Dollar profit beats estimates; shares up today's videos Japan's next-gen green cars Business Update: Commodities gain Gold hits new record more details Stock futures flat, Costco profit tops view October 07, 2009 08:15 AM ET NEW YORK (Reuters) - Stock futures were little changed on Wednesday, but could build on the previous session's gains on the strength in commodities. Full Article Gold spike gives Asian consumers pause, not fever October 07, 2009 08:22 AM ET SYDNEY/MUMBAI (Reuters) - Gold consumers across Asia greeted bullion's run to a record high cautiously on Wednesday, with a few moving to cash in gains but the majority opting to wait for the rest of a rally they believe has only just begun. Full Article Costco profit beats market view October 07, 2009 06:59 AM ET (Reuters) - Costco Wholesale Corp beat analyst expectations after posting a lower fourth-quarter profit on Wednesday, suggesting an improvement in the weak U.S. retail environment. Full Article Fannie, Freddie plan to aid mortgage banks: report October 07, 2009 08:19 AM ET (Reuters) - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing people familiar with the matter. Full Article Monsanto reports larger loss October 07, 2009 08:24 AM ET KANSAS CITY, Mo (Reuters) - Leading chemicals and biotech seed developer Monsanto Co reported a higher fourth-quarter loss on Wednesday, though expectations slightly beat Wall Street estimates, as a downturn in its herbicide business and restructuring moves ate into revenues. Full Article Julius Baer to buy ING Swiss private bank October 07, 2009 04:15 AM ET SINGAPORE/GENEVA (Reuters) - Julius Baer will buy ING's Swiss private banking assets for 520 million Swiss francs ($507 million), the European wealth management industry's biggest deal since the crisis began. Full Article U.S. mortgage applications at 4-month high October 07, 2009 08:23 AM ET NEW YORK (Reuters) - U.S. mortgage applications surged last week to their highest since mid-May as consumers sought to take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday. Full Article Oil above $71 as demand seen recovering October 07, 2009 07:37 AM ET LONDON (Reuters) - Oil prices rose for the third straight day on Wednesday, edging above $71 a barrel after an industry report showed a drawdown in U.S. crude inventories, boosting the view demand was recovering. Full Article Fed's Hoenig: too soon to pull support as U.S. recovers October 07, 2009 03:15 AM ET DENVER (Reuters) - A Federal Reserve official said on Tuesday that while the U.S. economy is clearly rebounding, it is too soon to begin to withdraw the Federal Reserve's massive support. Full Article Family Dollar profit beats estimates; shares up October 07, 2009 07:44 AM ET NEW YORK (Reuters) - Family Dollar Stores Inc reported a 13 percent rise in quarterly profit on Wednesday, topping Wall Street estimates, as frugal shoppers scoured its stores for low prices. Full Article REUTERS http://links.reuters.com/r/BJHVE/HTSUG/U1Y8VX/VDFDO/ZB32TY/YT/h Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Send this mailing to a friend or colleague Reuters.com: Help and Contact Us Advertise With Us Mobile Newsletters RSS Interactive TV Labs Reuters in Second Life Archive Site Index Video Index Thomson Reuters Corporate: Copyright Disclaimer Privacy Professional Products Professional Products Support About Thomson Reuters Careers

Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.robsellscharlottesville.com
Oh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia